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This thread is on Investing in FGN Savings Bonds with as little as N5,000.
#getfinanceandinvestmentip #savingsbonds
#getfinanceandinvestmentip #savingsbonds
1/ What is FGN Savings Bond?
A savings bond is a government bond/financial instrument used to borrow money from retail investors. It is considered one of the safest investments because they are backed by the full faith & credit of the FG.
A savings bond is a government bond/financial instrument used to borrow money from retail investors. It is considered one of the safest investments because they are backed by the full faith & credit of the FG.
2/ Similar to a typical bond, when you buy a savings bond, you're effectively lending your money to the government at a fixed rate of interest, with the government responsible for returning the loan in full plus interest.
